Shares of Talkspace, Inc. (NASDAQ:TALK - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $2.96, but opened at $3.26. Talkspace shares last traded at $3.45, with a volume of 2,073,725 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on TALK. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Canaccord Genuity Group initiated coverage on Talkspace in a research report on Thursday, April 3rd. They set a "buy" rating and a $5.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $4.50.
Read Our Latest Stock Report on TALK
Talkspace Price Performance
The firm has a 50-day moving average of $2.90 and a 200-day moving average of $3.09. The stock has a market cap of $559.67 million, a PE ratio of 334.83 and a beta of 1.13.
Institutional Investors Weigh In On Talkspace
Several institutional investors and hedge funds have recently modified their holdings of TALK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Talkspace by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company's stock worth $364,000 after acquiring an additional 3,924 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Talkspace by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company's stock worth $1,203,000 after purchasing an additional 10,835 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Talkspace by 27.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,177 shares of the company's stock worth $156,000 after buying an additional 10,849 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Talkspace during the first quarter valued at approximately $29,000. Finally, ProShare Advisors LLC grew its holdings in Talkspace by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 34,622 shares of the company's stock valued at $107,000 after buying an additional 11,392 shares in the last quarter. Institutional investors own 57.37% of the company's stock.
About Talkspace
(
Get Free Report)
Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.
Featured Stories
Before you consider Talkspace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Talkspace wasn't on the list.
While Talkspace currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
